Positive sentiment creeping into new vehicle market

01 October 2024: While the country welcomed the cut in interest rates during September, it wasn’t enough to stimulate new vehicle sales during the month. According to data released by naamsa | the Automotive Business Council, the South African new vehicle market...

Green shoots emerging in South Africa’s new vehicle market

SOUTH AFRICA, Johannesburg, 01 October 2024 – “Vehicle sales in South Africa continued their downward trend in September, with total sales of 44,081 units, slightly down from the same period last year. However, there was a modest increase in passenger car...

Demand for pre-owned cars outpaces new cars by more than two-to-one

09 September 2024 – The prolonged economic downturn experienced across multiple sectors in South Africa has resulted in markedly depressed sales in the new car segment over the past 12 months. This is evident in the monthly new car sales data released by naamsa | the...